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AmeriCredit Corp. (NYSE: ACF | Quote | Chart | News | PowerRating) an auto finance company, engages in purchasing and servicing automobile sales finance contracts in the United States and Canada. It also originates operating leases on automobiles. The company specializes in purchasing retail automobile installment sales contracts originated by franchised and select independent dealers in connection with the sale of used and new automobiles, as well as in making loans directly to consumers buying new and used vehicles. Its loan servicing activities consist of collecting and processing customer payments; responding to customer inquiries; initiating contact with customers who are delinquent in payment of an installment; maintaining the security interest in the financed vehicle; monitoring physical damage insurance coverage of the financed vehicle; and arranging for the repossession of financed vehicles, liquidation of collateral, and pursuit of deficiencies. The company services its loan portfolio at regional centers using automated loan servicing and collection systems. It offers automobile lending programs to customers who have limited access to automobile financing. The company uses a combination of a branch office network and dealer relationship managers to market its indirect financing programs to selected dealers. As of June 30, 2007, it operated a network of 65 branch offices. The company was founded in 1986 and is based in Fort Worth, Texas. With 115.21 million shares outstanding and 24.16 million shares declared short as of July 2008, there is a failure to deliver in shares of ACF. According to quarterly data provided by the SEC, there were still 25,154 shares of ACF that were failing-to-deliver as of September 28, 2007.
Anthracite Capital Inc. (NYSE: AHR | Quote | Chart | News | PowerRating) operates as a real estate investment trust. The company, through its subsidiaries, engages in investing in commercial real estate securities, loans, and equity. It focuses on acquiring pools of performing loans in the form of commercial mortgage-backed securities (CMBS), issuing secured debt backed by CMBS, and providing strategic capital for the commercial real estate industry in the form of mezzanine loan financing and equity. The company has elected to be taxed as a REIT. It would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Anthracite Capital was founded in 1997 and is based in New York, New York. With 68.94 million shares outstanding and 13.65 million shares declared short as of July 2008, there is a failure to deliver in shares of AHR. According to quarterly data provided by the SEC, there were still 84,300 shares of AHR that were failing-to-deliver as of September 27, 2007.
Capital Corp of the West (NASDAQ: CCOW | Quote | Chart | News | PowerRating) operates as the holding company for County Bank, which provides general commercial banking products and services primarily in California. The company offers demand, savings, and time deposits. Its loan portfolio includes commercial, agriculture, real estate, personal, home improvement, home mortgage, automobile, credit card, and other installment and term loans. The company also offers Internet banking, sweep accounts, lockbox, positive pay, remote deposit service, safe deposit boxes, banking-by-mail, drive-up facilities, automated teller machines, trust services, and other customary banking services. As of December 31, 2007, it operated 41 branch offices in Fresno, Kings, Madera, Mariposa, Merced, Sacramento, San Bernardino, San Francisco, San Joaquin, Stanislaus, Santa Clara, Tulare, and Tuolumne counties. The company was founded in 1977 and is headquartered in Merced, California. With 10.81 million shares outstanding and 1.29 million shares declared short as of July 2008, there is a failure to deliver in shares of CCOW. According to quarterly data provided by the SEC, there were still 11,239 shares of CCOW that were failing-to-deliver as of September 26, 2007.
Southern Community Bancshares Inc. (OTCBB: SNCB | Quote | Chart | News | PowerRating) operates as the holding company for Southern Community Bank, which provides commercial banking services primarily in Fayette County, Georgia. It primarily engages in generating deposits and originating loans. The company's deposit products include non-interest bearing demand accounts, time deposits, savings, and other interest bearing transaction accounts. Its lending portfolio comprises construction and development, commercial and residential real estate, and commercial and industrial loans, as well as consumer loans that include home equity, vehicle financing, overdraft protection lines, secured and unsecured personal loans, and loans secured by deposits. The company also provides safe deposit boxes and automated teller machine services. As of December 31, 2007, it had seven branch offices in Clayton, Fayette, Henry, and Coweta Counties in Georgia. The company is based in Fayetteville, Georgia. With 2.59 million shares outstanding and 5,000 shares declared short as of July 2008, there is a failure to deliver in shares of SNCB.
UC Hub Group Inc. (OTCBB: UCHB | Quote | Chart | News | PowerRating) operates as a software development and distribution company in the United States. It provides municipal government software, OurTown2, which interfaces customer or citizen with municipal government management software. The company offers various software services, including VoIP, Wi-Fi, payroll, and electronic payments. UC Hub Group was founded in 1999 and is based in Las Vegas, Nevada. With 28.32 million shares outstanding and 100 shares declared short as of July 2008, there is a failure to deliver in shares of UCHB. According to quarterly data provided by the SEC, there were still 213,997 shares of UCHB that were failing-to-deliver as of August 10, 2007.
ICAP plc (OTC: IAPLY | Quote | Chart | News | PowerRating) through its subsidiaries, operates as the voice and electronic interdealer broker and the source of market information and commentary for professionals, and commercial and investment banks in the financial markets. It provides intermediary broking services to trading professionals in the wholesale financial markets. The company covers various over-the-counter (OTC) financial products and services in commodities, post-trade services, foreign exchange, interest rates, credit, equity derivatives, and emerging markets, as well as data, commentary, and indices. Its market data offers end-of-day and historical market data sourced from its interdealer trading platforms through various asset classes. The company provides global banks, broker/dealers, buy-side firms, and e-trading platforms with solutions to automate post-trade processing of financial transactions. It also provides financial information to third parties; post-trade services to financial institutions; and shipbroking and related services. As of March 30, 2008, the company operated in 60 locations in approximately 30 countries in Europe, the Middle East, Africa, the Americas, the Asia Pacific, England, Mexico, the United States, China, and internationally. ICAP plc is headquartered in London, the United Kingdom. With 324.56 million shares outstanding and 3,900 shares declared short as of July 2008, there is a failure to deliver in shares of IAPLY. According to quarterly data provided by the SEC, there were still 58,302 shares of IAPLY that were failing-to-deliver as of September 11, 2007.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,100,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.
BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.
BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
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